Nacka Strand
The statue is entitled "God the Father on the Rainbow", and is by sculptor Carl Milles. When the fountain is active, water shoots from the triangular hole below where the figure is standing.
From:
http://www.millesgarden.se/dokument/engelska/skulpturparkuk.htm
"Next to St. Martinīs fountain we find a bronze sketch, God the Father on the Rainbow (1946-49). This is a study for a never erected monument originally planned to stand beside the United Nations Building in New York. The Rainbow now adorns the entrance to Stockholmīs Harbour. This new addition (1995) to Stockholmīs profile stands 24 meters tall, cantilevered over the salt sea from the shore at Nacka strand."
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